Iroquois, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Iroquois, Ontario is currently experiencing a steady growth phase. The median house price stands at $550,000, reflecting a year-over-year increase of 4%. This indicates a healthy demand for housing in the area, likely driven by both local factors and broader provincial trends. Meanwhile, the apartment sector is showing a more modest growth, with the median apartment price at $320,000 and an annual appreciation of 2.5%. The relatively lower rate of increase in apartment prices suggests that the market may be more favorable for first-time buyers or investors seeking entry-level opportunities.
Investment Opportunities and Potential
Iroquois’s real estate market presents various investment opportunities. With a population of 15,500 and a notable growth rate of 3.3%, demand for housing is expected to remain robust. Single-family homes are particularly promising due to their higher appreciation rate, which could lead to significant capital gains over time. Apartment units also offer potential, especially as rental properties; their lower entry cost combined with the population growth may lead to sustained rental demand and potential for cash flow investments.
Future Market Outlook
The outlook for Iroquois’s real estate market appears optimistic based on current trends and demographic indicators. Continued population growth at a rate of 3.3% will likely maintain or even increase demand for housing in the foreseeable future. Assuming economic conditions remain stable locally and provincially, we can expect to see sustained or possibly increased rates of property appreciation. Investors should be mindful of regional economic developments and infrastructure projects that could further influence market dynamics.
